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Phemex Crypto Market Daily: Yen Hits 39-Year Low, BTC Holds $58K as Altcoins Diverge on Upgrades (Jun 30)
Key Takeaways:
1. Macro Environment The Japanese yen hit a 39-year low against the US dollar, raising global inflation risks. The ECB is likely to delay further rate hikes as oil prices retreat and French inflation softens, supporting risk assets. The US Supreme Court upheld Fed independence, reducing the risk of abrupt US monetary policy shifts. 2. Crypto Market The crypto market remains mixed, with BTC at $58,862 (-0.31%) and ETH at $1,568.56 (+0.57%) over 24h. Altcoins show divergence: LIT (+14.2%), PYTH (+14.2%), and SOL (+0.75%) outperform, driven by ecosystem upgrades and institutional partnerships, while FET lags (-2.09%). Meme and DeFi tokens see selective gains. 3. Today's Outlook Key events today include China's June PMI and Germany's CPI and unemployment data, which may influence global risk sentiment. SUI unlocks 0.91% of its supply at 2 PM UTC, and several major DeFi and AI protocol upgrades are scheduled, potentially impacting sector rotation and volatility.
